Dogecoin Whale Takes Action After Years

A large Dogecoin wallet, which remained inactive for nearly a decade, suddenly became active, stirring up the cryptocurrency community and sparking speculation.

A #Dogecoin (DOGE) wallet has suddenly become active after approximately 9.8 years of silence, sparking various speculations among the cryptocurrency community.

A Whale's Wallet Reactivated

According to the information shared by Whale Alert, this dormant wallet currently contains a total of 5,392,984 DOGE worth $ 372,461. Looking at on-chain data, the wallet's activation was triggered by a transfer of 392,000 tokens to an unknown DOGE address.

Dormant #DOGE Addresses Awaken Frequently

It is quite common for dormant DOGE addresses to become active again lately. A similar situation occurred in June, but at that time the reactivated wallet contained only just over 2 million #DOGE

An Old Wallet and Possible First Buyers

Considering the age of the wallet, it is thought that the DOGE inside it may have been purchased by one of the first buyers of memecoin. Dogecoin was created by Billy Markus in 2013, and the 5,392,984 #DOGE units inside this wallet must have been purchased for much less than today's price of $0.06899.

DOGE has delivered incredible returns since its inception, rising 80,614% from its all-time low of $0.00008547 reached nearly 8 years ago, according to #CoinMarketCap data. Since this DOGE wallet was created much earlier than this period, it is possible to say that the earnings are probably even higher
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